Vishay Intertechnology (NYSE:VSH) Rating Lowered to Sell at StockNews.com

Vishay Intertechnology (NYSE:VSH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Separately, JPMorgan Chase & Co. started coverage on Vishay Intertechnology in a report on Monday. They set a “neutral” rating and a $19.00 price target on the stock.

Vishay Intertechnology Stock Performance

NYSE VSH traded down $0.13 on Wednesday, hitting $17.38. The stock had a trading volume of 2,759,448 shares, compared to its average volume of 1,355,261. The company’s 50-day moving average is $17.56 and its two-hundred day moving average is $19.80. Vishay Intertechnology has a one year low of $14.95 and a one year high of $24.68. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 28.03 and a beta of 1.12. The company has a quick ratio of 1.85, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

Vishay Intertechnology (NYSE:VSH) last issued its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $735.35 million during the quarter, compared to the consensus estimate of $748.84 million. Vishay Intertechnology had a return on equity of 5.35% and a net margin of 2.88%. The business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, analysts expect that Vishay Intertechnology will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Intertechnology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. bought a new stake in shares of Vishay Intertechnology in the 3rd quarter worth $196,000. Y Intercept Hong Kong Ltd acquired a new position in Vishay Intertechnology during the third quarter worth about $453,000. Dean Investment Associates LLC grew its holdings in Vishay Intertechnology by 32.8% during the third quarter. Dean Investment Associates LLC now owns 153,730 shares of the semiconductor company’s stock worth $2,907,000 after acquiring an additional 37,951 shares during the period. Weiss Asset Management LP bought a new stake in Vishay Intertechnology in the third quarter worth about $1,055,000. Finally, Systematic Financial Management LP lifted its holdings in Vishay Intertechnology by 15.1% in the 3rd quarter. Systematic Financial Management LP now owns 1,388,337 shares of the semiconductor company’s stock valued at $26,253,000 after acquiring an additional 182,212 shares during the last quarter. 93.66% of the stock is owned by institutional investors.

Vishay Intertechnology Company Profile

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.